Balance transfer with Discover<sup>®</sup> Student Card- Monogram !

Balance transfer credit cards

Site disclaimer

Email Us

Discover^® Student Card- Monogram

Intro APR: 0%

Issuer: Discover^®

Enjoy a 0% Intro APR on purchases for 6 months, pay no annual fee and have peace of mind with $0 fraud liability guarantee. Plus, enjoy the Easy Online Account Management Options. You'll also earn 5% Cashback Bonus® on Get More purchases in popular categories that change four times a year like home, apparel and more* and up to 1% Cashback Bonus on all other purchases automatically*. APPLY NOW!
*View Discover® Card Rates, Fees, Rewards and Other Important Information.

Back to the category menu

Apply for Discover^® Student Card- Monogram

There's no doubt you'll have heard plenty about debt consolidation loans - our TV screens are full of adverts promising freedom from financial worry, and the internet is positively flooded with solicitations to lock in a low rate with a refinancing package.

If you're having difficulties keeping up with your bills and credit repayments, or even facing the prospect of recovery action on overdue installments, then the idea of debt consolidation can be very seductive. By combining all your current debts into one single loan, the theory goes, you'll be benefitting from both a reduction in your monthly repayment amount and a lifting of the stress caused by constantly having to juggle your finances.

But is debt consolidation really as simple as all that? Of course there are benefits to restructuring your financial life in this way, and the adverts aren't shy of pointing out the positive side, but before embarking on this course of action there are a few negative aspects you'd be well advised to consider. Only then can you make a fully informed decision on whether debt consolidation is right for you.

Firstly, in order to secure a lower monthly repayment you either have to get credit at a lower interest rate, or spread your payments over a longer period. Most consolidation packages rely on a combination of both, but it's almost certain that the deal will involve a lengthy loan term. This means that you'll be paying interest on your debt for longer, and the total amount of interest you'll be charged will in the long run be higher. You may feel that this is a price worth paying for reducing your monthly bills to a more manageable level, and you may indeed feel you have little other choice, but it's a point to bear in mind.

Another potential problem with consolidation is that, in a sense, you're giving yourself a fresh start financially. You're wiping out all those worrying debts and getting your finances back under control. This is of course a good thing - but you'll be left with all your old credit card accounts with a zero balance, and all the temptations to spend that that may provide. If you're not careful, you could end up in an even worse situation - having to pay back a large loan while running up new debts at the same time.

This pitfall can of course be avoided by canceling your card accounts at the same time as you clear the balances, and it is strongly advisable that you do this.

The final problem to bear in mind is that by consolidating you will probably be shifting unsecured debt into a secured loan using your home as collateral. This means that if, in the future, you fall behind with your payments, you could risk losing your home as your creditor calls in the debt through foreclosure. This is a serious drawback, and if most of your current debt is unsecured then you might wish to explore every other possibility before tying it up to your home.

So, is debt consolidation an altogether bad option for sorting out your finances? Not at all. It can be a very effective strategy for dealing with problem debts, but it shouldn't be entered into blindly, no matter how attractive the advertisements may appear.

Transfer your balance to Discover^® Student Card- Monogram
Owning or operating a small or mid-sized store can be a real challenge. According to the Small Business Administration, 80% of small businesses are bankrupt within five years. Cash flow is the number one reason for bankruptcies, and for retailers, inventory investment is the number one reason for cash flow problems. Large retail box stores like Walmart and Home Depot use advanced inventory forecasting programs managed by highly trained teams of experts. That's the only way they can make sure they keep inventory coming, selling, and cash flow at healthy levels. When you get right down to it, how you manage inventory has EVERYTHING to do with your store's profitability. Forecasting inventory with the old spreadsheet method or by the seat of your pants is almost a sure way to disaster. This is especially true if you have to train new employees or managers to do the job. This critically important activity can wind up being done inaccurately which undermines the entire prospect of a successful business. As an open-to-buy specialist (there are not many outside the major chains), let me suggest that you RUN, not walk, to get a good retail forecasting program. Using outdated methods of guesstimating inventory purchases is like an accountant using old lined ledger sheets or an office manager using a quill pen. Your successful competitors are not using these methods and neither should you. An old business proverb says that if you are not moving forward, you are falling behind. For inventory planning that means fill in the blanks open-to-buy forecasting software. It can be a real balancing act trying to keep enough money on hand to pay the bills while still keeping the right amount invested in inventory and equipment. Knowing you have the right balance of inventory in every classification of merchandise all the time means you can relax at night knowing that your cash flow is working for you - not keeping you awake! While computers will never replace humans for most activities, computers can calculate tens of thousands of figures instantly which is humanly impossible to do with any degree of accuracy. For most store owners, this means letting the computer do the one click arithmetic so the manager can concentrate on managing and customer service. Maggie Sagabaen, Buyer at Blackhawk Country Club said, "Since using OTBW we know we always have the right amount of merchandise in each classification, and we have reduced our average inventory by $100,000. We have a constant turnover of fresh merchandise which keeps member interest high. Sales and profits are up, inventory investment is down - it doesn't get better than that!" Small stores switching to software solutions for inventory planning may expect 5-10% improvement in profits, almost always with 10-30% less inventory investment. Open To Buy Wizard retail forecasting software gives you quick, easy,and complete control over inventory, forecasting, and cash flow. It's your fast track to better profits! POS companies are just entering the competition to provide these open-to-buy modules. Microsoft Retail Management System (RMS) is offering a data integrated RMS/OTBW module which reduces data input time for O-T-B planning to zero. The program is priced to make it cost effective for even the smallest retailers. "One disadvantage that most small to medium sized retailers have in comparison to the big box stores is that until the introduction of Open to Buy Wizard there has not been an affordable solution for buyers to get the analysis, planning, and budgeting information they need to make their important buying decisions. OTBW is a terrific product and is now available to everyone!" said Brett G. Bennett, Principal/Chief Executive Officer, POSitive Technology -com, Inc.
Raise your credit score with a help of Credit-Rocket! Read the Chase credit card reviews
Tired of high charges? Find the best database for credit cards! Read the fine print and find the Annual Percentage Rate (APR). This is the interest rate the companies charge you if you carry a balance. You want the lowest rate possible; as each percentage point drop will save you money on the months you have an outstanding balance.